FDI in First 10 Months of Year Increases 1.9% Annually, 20% Growth Seen in High-Tech Manufacturing, MOFCOM Says

Xu Wei

DATE : Nov 14 2017/SOURCE : Yicai

FDI in First 10 Months of Year Increases 1.9% Annually, 20% Growth Seen in High-Tech Manufacturing, MOFCOM Says

(Yicai Global) Nov. 14 -- Foreign direct investment (FDI) in China totaled USD102.83 billion (CNY678.7 billion) from January to October this year, an annual rise of 1.9 percent with over 20 percent growth seen in the high-tech manufacturing industry, per data released by China's Ministry of Commerce today.

The number of new foreign-invested enterprises established across China during the period was 26,200, an increase of 15.9 percent.

There was a total of 2,633 foreign-invested enterprises established in October, up 104.4 percent compared to the same month of last year. FDI for the month reached, representing an annual increase of five percent.

For the first ten months of the year, FDI in the manufacturing sector was CNY195.91 billion with annual growth of 6.1 percent and accounting for 28.9 percent of the total foreign investment.

FDI in the high-tech manufacturing industry in the first ten months was CNY56.65 billion, up 22.9 percent compared to the same month last year. FDI in the high-tech service industry was CNY95.01 billion with annual growth of 20 percent.